What if a plan existed where employees could get what they wanted regardless of their health status and regardless of group participation requirements?
A UNIQUE APPROACH TO GROUP ANCILLARY BENEFITS
A Defined Contribution Plan meets the challenges head on and is a brand new concept in benefit planning. It is designed specifically for small employer groups that have 2-99 employees and have a desire to expand their benefits portfolio of offerings at minimal cost to their bottom lines. DC Plans have the following advantages:
Employers contribute a minimal fixed dollar amount ($15/month). Employees pay the remainder of the premium, if any, for any plans they pick on a voluntary basis.
All plans have GUARANTEED-ISSUE underwriting for life, disability, dental, and vision insurance coverages, so no one can be turned down.
All plans have NO PARTICIPATION REQUIREMENTS for life, disability, dental, or vision coverages, so plans can be issued with only 1-2 participants.
All employees only pick the benefits they need.
All plans are paid for through payroll deduction.
Voluntary life is up to $100K (employee) / $50K (spouse) – GUARANTEED ISSUE, and up to $250K – SIMPLIFIED-ISSUE.
Voluntary disability is available both short-term and long-term (up to age 65)
Voluntary dental is open access, but also has a network to maximize benefits. Annual maximums up to $2,000 are available, as well as $2,000 per child for orthodontia.
Voluntary vision is available for exam only or exam/materials. The exam only plan is under $1.50/month and fills the gap for those major medical plans that do not cover the exam.
For more information, Dino Chavez, MBA at (956) 982-3998 x 301, or visit us at www.NMGAIA.com
